10th Jun 2026 15:42
(Alliance News) - RC365 Holding PLC on Wednesday said it has raised GBP500,00 via a placing at 2 pence per share.
The payment solutions and fintech company operating primarily in east and southeast Asia said the placing has been undertaken with investors introduced by Bowsprit Partners Ltd.
Proceeds will provide additional working capital and funding flexibility to support strategic objectives, the firm said.
RC365 will issue 1.5 million shares in lieu of fees to certain advisors.
For every two placing shares issued, investors will receive one warrant allowing the holder to subscribe for additional shares at 2.5p each, exercisable for a period of three years from admission. In connection with the placing, RC365 will issue just under 1.8 million warrants to Bowsprit Partners.
Shares in RC365 were down 34% at 2.63p each in London on Wednesday.
In addition, the firm said Bowsprit Partners has been appointed as Corporate Broker with immediate effect. Bowsprit has acted as its Financial Adviser since last August and will now provide both financial advisory and corporate broking services to the company.
Bowsprit Partners is a London-based corporate finance and corporate broking firm specialising in advising both public and private companies.
Further, the convertible loan note financing announced in February has been terminated and will not proceed.
By Jeremy Cutler, Alliance News reporter
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